CHAPTER 574

An Act to amend and reenact § 15.1-184.1, as amended, of the Code of
Virginia, relating to destruction of bonds and coupons after payment
has been made in full by cities and towns.

: (S 455]
Approved April 5, 1966

Be it enacted by the General Assembly of Virginia:

1. That § 15.1-184.1 of the Code of Virginia be amended and reenacted
as follows: ,

§ 15.1-184.1. (1) Whenever the fiscal agent for any city or town

shall have made payment in full for any bond or bond coupon representing
an obligation of such city or town such fiscal agent may, by agreement
with the governing body of the city or town, forthwith destroy such bond
or bond coupon and shall certify the facts of such payment and destruc-
tion to the treasurer or director of finance, as the case may be, of such
city or town.
(2) The certification required by this section shall set forth the
issue, series, number and maturity date of each such bond or bond coupon,
together with such additional facts necessary to specifically identify each
such bond or bond coupon so paid and destroyed.

(3) Every such certification shall be in such form as shall be pre-
scribed by the Auditor of Public Accounts and shall be acknowledged in
the manner prescribed by law for the acknowledgment of deeds.

(4) Whenever any such certification, appearing upon its face to
have been executed and acknowledged as hereinabove prescribed, shall
have been delivered to the treasurer or director of finance of any city
or town by such fiscal agent, then such treasurer or director of finance
shall, in the absence of actual knowledge of any misrepresentation or ir-
regularity as to such certification, be relieved of all further liability for
all such bonds and bond coupons therein represented to have been paid
and destroyed. For accounting purposes, every such certification which
appears upon its face to have complied with the requirements of this
section shall constitute sufficient evidence of the facts set forth therein.